Carlton vs Templestowe Lower
Property investment comparison - Carlton, VIC 3053 vs Templestowe Lower, VIC 3107
Head-to-head across core investment metrics: Carlton wins 3, Templestowe Lower wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Carlton | Templestowe Lower |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | - | $930K |
| Gross rental yield (houses) | 3.60% | - |
| Gross rental yield (units) | 7.16% | 3.63% |
| 1-year house growth | -1.5% | +2.2% |
| 3-year house growth | -15.8% | -3.0% |
| Vacancy rate | 1.1% | 1.6% |
| Population | 16,055 | 14,098 |
Carlton vs Templestowe Lower: what the numbers say
The median house price is $1.4M in Carlton and $1.4M in Templestowe Lower, so Carlton is the cheaper entry point, with Templestowe Lower houses about 1% dearer.
Over the past year house prices moved -1.5% in Carlton and +2.2% in Templestowe Lower, so recent momentum favours Templestowe Lower, while Carlton went backwards.
Looking back three years, Carlton houses are -15.8% and Templestowe Lower houses -3.0%, so Templestowe Lower has compounded faster than Carlton over the longer window.
Rental vacancy is 1.1% in Carlton and 1.6% in Templestowe Lower, so landlords in Carlton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Carlton is the bigger suburb, with a population of 16,055 against 14,098, larger than Templestowe Lower; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Carlton for a lower purchase price, Templestowe Lower for recent price momentum, Carlton for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Templestowe Lower, VIC 3107
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